ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0101%/8h= −11.1% APRnext payment −$0.13 per $10,000 · paid last 24h −0.102%

Price spread now: Kraken Futures against GMX+0.031%7-day average −0.004% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.312%−$31 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.031%, 7d avg −0.004%

Together, before fees−0.460%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.035% dearer against GMX than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.004%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 3 days (−0.312% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ADA/USD [WBTC.b-USDC]	0.2453	L +0.0437% / S −0.0207%	pay 0.0055% / 1h	27m 02s	$96K	—	100x
Short	Kraken Futures PF_ADAUSD	0.2454	0.0336	get 0.0042% / 1h	27m 02s	$6.1M	$11.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Kraken FuturesbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$21.21
Price spread: +0.031% → −0.004%: $3.48
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$39.73
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	1.43 bp	12.8 bp −$13	16.2 bp −$162	72.0 bp −$7,201	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2453	+0.009%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2453	−0.005%	$153K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.005%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2450	−0.128%	$408K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2455	+0.093%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2454	+0.052%	$42.6M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2453	0.000%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2454	+0.039%	$157K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2454	+0.032%	$101.2M	$355.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2453	−0.005%	$70.6M	$99.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2453	−0.005%	$31.9M	$105.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2452	−0.046%	$96.9M	$57.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	+0.035%	$52.6M	$56.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2453	+0.003%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2454	+0.035%	$65.7M	$42.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2453	−0.005%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	+0.056%	$101K	$411K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	−0.193%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2448	−0.206%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	−0.209%	$288K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2449	−0.168%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	+0.015%	$97K	$633K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	+0.035%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.037%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2455	+0.075%	$9K	$758K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	+0.015%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	+0.031%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	−0.005%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2454	+0.051%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	+0.004%	$558K	$1.8M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0158%	1h	0.2455	+0.068%	$477K	$353K	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2449	−0.152%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2454	+0.035%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2454	+0.028%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0336%	1h	0.2454	+0.031%	$6.1M	$11.4M	50x
GMX ADA/USD [WBTC.b-USDC]long	L +0.0437% / S −0.0207%	1h	0.2453	long leg	$96K	—	100x
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.535%	$838	$131K	12x	as long as short